Perth-based Craig Coleman has stepped down as chairman of Lonestar Resources, which is now headquartered in Texas following completion of the merger with Amadeus Energy and integration of the Eagle
Takeover target Eureka Energy has rejected a merger proposal lodged by Houston-based Lonestar Resources, after the parties were not able to agree to terms over the weekend.
Perth-based oil and gas company Amadeus Energy has acquired the Texas-based operator of the majority of its US interests in a deal worth more than $US5 million.
Perth-based oil and gas company Amadeus Energy has bowed to disgruntled shareholder CVC's demands, announcing today that managing director Geoffrey Towner will step down and two other directors will resign.
Private investment player, Wyllie Group, will take a 15 per cent stake in Perth-based oil producer Amadeus Energy Ltd, which has raised nearly $15 million in the process.
OIL and gas explorer Amadeus Energy Ltd has been caught out by the loss made by associate company, Australian Renewable Fuels Ltd, and was forced to re-issue its full-year results to the market this w
Perth-based Amadeus Energy Ltd has budgeted around $25 million for exploration expenditure for the 2007 calendar year, announcing plans to drill a minimum of 13 new deep wells and enter four new projects by December 31.
Perth headquartered oil and gas producer Amadeus Energy Ltd has posted a net profit of $9.6 million, down 12 per cent from last year's results, after recording a 154 per cent increase in total revenue for the year ended June 30, 2006.
Perth headquartered oil and gas producer Amadeus Energy Ltd intends to undertake an on-market buy-back of up to 5 per cent of the current issued capital (approximately 9.25 million shares) for a maximum of 12 months from 4th July 2006.
Shares in Perth-based Amadeus Energy Ltd have increased 3.7 per cent following the company posting a half yearly after tax profit of $6.6 million, up 38 per cent on the previous corresponding period.
Shares in Perth-based Amadeus Energy Ltd have increased 3.7 per cent following the company posting a half yearly after tax profit of $6.6 million, up 38 per cent on the previous corresponding period.
Perth-based US oil and gas producer, Amadeus Energy Ltd has reported a 194 per cent increase in gross revenue from its oil and gas sales for the December quarter, compared to the same period in 2004.
ON the eve of reporting record results for the 2000-01 financial year, Amadeus Petroleum has received a further boost in the form of an independent valuation upgrading its proven Texas reserves to $US13 million.
WHILE other resources companies are reinventing themselves in new industries to sweeten the bottom line for investors, Amadeus Petroleum is diversifying just a little into applied technology, energy-related biotechnology processes
